Question

Find the monthly payment needed to amortize a typical $95,000 mortgage loan amortized over 30 years at an annual interest rat
0 0
Add a comment Improve this question Transcribed image text
Answer #1

a) The answers is $625.67

b) The answers is $130,241.20

PV 2 $95000 & 26.9% m - 12 y Time period 230yss. PV = P[(- (1 + %) ***6)/%] >> 95000 PT 1 -14 +0069) ? 127030 0.069 2) 95000

Add a comment
Know the answer?
Add Answer to:
Find the monthly payment needed to amortize a typical $95,000 mortgage loan amortized over 30 years...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT